Post by CrowdProperty Representative on Jan 8, 2019 9:14:02 GMT
Hi all,
Given the significant press coverage on P2P and especially the property development / bridging segment recently, we felt it relevant to update the forum on our loan book beyond our detailed statistics page (which can be found at www.crowdproperty.com/statistics ).
We have no late loans. This is based on ‘late’ being defined as any active loan going beyond the originally defined loan end date at launch of the loan (ie the intuitive definition). It’s worth also noting that we do not reset any dates via ‘extending’ a loan.
We also have a 100% track record of paying back capital and interest in full.
We’re very proud of this track record, delivering this over a period of operating since 2014, over £27,000,000 lent and having paid back £12,000,000 to lenders including over £1,000,000 of interest. We are also proud to be the only property development / bridging platform elected to Peer-to-Peer Finance Association (P2PFA) membership and the first and only property development / bridging platform to become Brismo Verified, independently verifying our 100% track record and significant outperformance of the UK P2P Returns Index after thorough independent analysis of CrowdProperty’s loan book and loan cashflows.
At CrowdProperty we support the FCA’s recent call for improved and consistent disclosure in the peer-to-peer lending sector and underline our commitment to be held accountable for the performance of every loan that we originate both historically and going forward.
As previously communicated, we’re working hard to accommodate your demand for more lending opportunities and we have a significantly stronger pipeline for January, February and beyond.
We welcome your feedback and please continue to get in touch.
Kind regards,
Mike Bristow
CEO & Co-Founder
Given the significant press coverage on P2P and especially the property development / bridging segment recently, we felt it relevant to update the forum on our loan book beyond our detailed statistics page (which can be found at www.crowdproperty.com/statistics ).
We have no late loans. This is based on ‘late’ being defined as any active loan going beyond the originally defined loan end date at launch of the loan (ie the intuitive definition). It’s worth also noting that we do not reset any dates via ‘extending’ a loan.
We also have a 100% track record of paying back capital and interest in full.
We’re very proud of this track record, delivering this over a period of operating since 2014, over £27,000,000 lent and having paid back £12,000,000 to lenders including over £1,000,000 of interest. We are also proud to be the only property development / bridging platform elected to Peer-to-Peer Finance Association (P2PFA) membership and the first and only property development / bridging platform to become Brismo Verified, independently verifying our 100% track record and significant outperformance of the UK P2P Returns Index after thorough independent analysis of CrowdProperty’s loan book and loan cashflows.
At CrowdProperty we support the FCA’s recent call for improved and consistent disclosure in the peer-to-peer lending sector and underline our commitment to be held accountable for the performance of every loan that we originate both historically and going forward.
As previously communicated, we’re working hard to accommodate your demand for more lending opportunities and we have a significantly stronger pipeline for January, February and beyond.
We welcome your feedback and please continue to get in touch.
Kind regards,
Mike Bristow
CEO & Co-Founder
